FY2027 Small Area FMR · Bound Brook, NJ

ZIP 08805 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 08805 (Bound Brook, NJ) is $2,600 a month, up 8.3% from FY2026. That is 1% below the Middlesex-Somerset-Hunterdon, NJ area-wide FMR of $2,623.

2-bedroom SAFMR$2,600per month ▲ 8.3%

Area-wide 2 BR FMR$2,623Middlesex-Somerset-Hunterdon

Rank in the area55thof 114 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,340

2 BR Small Area FMR$2,600

110% of SAFMR$2,860

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,940▲ 11.5%

1 BR$2,080▲ 8.9%

2 BR$2,600▲ 8.3%

3 BR$3,100▲ 7.6%

4 BR$3,480▲ 9.4%

FY2027 FY2026

Where 08805 sits in the Middlesex-Somerset-Hunterdon, NJ area

Of the 114 ZIP codes HUD lists for the area, 08805 has the 55th highest two-bedroom Small Area FMR. Middlesex-Somerset-Hunterdon, NJ is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,623 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,600 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,940	$1,746 – $2,134	$1,953	$1,740
1 bedroom	$2,080	$1,872 – $2,288	$2,103	$1,910
2 bedrooms	$2,600	$2,340 – $2,860	$2,623	$2,400
3 bedrooms	$3,100	$2,790 – $3,410	$3,125	$2,880
4 bedrooms	$3,480	$3,132 – $3,828	$3,508	$3,180

A household renting a two-bedroom home at the Small Area FMR of $2,600 needs about $104,000 a year to keep housing costs at 30% of income. The area median family income is $154,800 and the 80% low-income limit for four people is $114,600. ZIP code 08805 lies mainly in Somerset County. See the Middlesex-Somerset-Hunterdon, NJ metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
08880	South Bound Brook	1.5 mi	$2,460
08836	Martinsville	1.9 mi	$2,910
08846	Middlesex	1.9 mi	$2,240
08890	Zarephath	3.3 mi	$2,700
08812	Dunellen	3.3 mi	$2,550
08835	Manville	3.7 mi	$2,540

Questions

What is the Fair Market Rent for ZIP code 08805?

HUD's FY2027 Small Area Fair Market Rents for 08805 are $1,940 (studio), $2,080 (1 BR), $2,600 (2 BR), $3,100 (3 BR) and $3,480 (4 BR) a month.

What is the Section 8 payment standard in 08805?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 08805 that range is $2,340 to $2,860 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 08805?

The FY2026 income limits of the Middlesex-Somerset-Hunterdon, NJ area apply: median family income $154,800, low-income (80%) limit $114,600 for a family of four.